Which of the Following Statements About the Chi-Square Test Is

question 10

Multiple Choice

Which of the following statements about the chi-square test is false?

• A)The chi-square test can be used to check how well a model fits the data.
• B)The chi-square test is used to quantify the relationship between two categorical variables.
• C)The chi-square test is based on the idea of comparing the frequencies you observe in certain categories to the frequencies you might expect to get in those categories by chance.
• D)In some circumstances the chi-square test can be used on continuous variables.

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Definitions:

Principal

The original amount of money loaned or invested, separate from the interest or earnings it accrues over time.

Future Value

The amount of money an investment is expected to grow to over a period of time, considering interest or returns.

Unequal Payments

Payments that vary in amount over a period, commonly seen in loan repayments or investment returns that do not have a fixed payment schedule.

Rate Of Return

The upward or downward movement in the worth of an investment for a predefined interval, calculated as a percentage of the investment's inaugural cost.